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Consultation QuestionnaireKent County Council (KCC) is seeking your views on spending priorities and the approach we should take to help us amend the 202021 Budget. Your responses will be considered
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How to fill out medium term financial strategy

01
Identify your financial goals and objectives for the medium term.
02
Assess your current financial situation, including income, expenses, assets, and liabilities.
03
Determine the time horizon and risk tolerance for your medium term financial strategy.
04
Develop a plan that outlines specific steps to achieve your financial goals, including saving and investing strategies.
05
Monitor and review your progress regularly, making adjustments as needed to stay on track towards your goals.

Who needs medium term financial strategy?

01
Individuals and families looking to save for a major purchase or expense in the next 3 to 5 years.
02
Businesses wanting to expand or invest in new projects over the next few years.
03
Investors seeking a balanced approach to growing their wealth over a medium term horizon.

What is medium term financial strategy and efficiency plan Form?

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A medium term financial strategy is a planning tool that outlines an organization's financial goals and the direction of its financial resources over a medium term period, typically spanning three to five years.
Organizations, particularly public sector entities and some private companies that meet specific criteria, are required to file a medium term financial strategy to ensure accountable and sustainable financial management.
To fill out a medium term financial strategy, organizations should assess their current financial position, set clear financial goals, estimate future revenues and expenditures, and outline actions needed to achieve those goals.
The purpose of a medium term financial strategy is to provide a framework for decision-making that aligns financial resources with the organization's objectives, ensuring sustainability and accountability.
The medium term financial strategy must report on expected revenues and expenses, financial goals, key financial ratios, risk assessments, and alignment with the overall strategic plan of the organization.
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